ENLithuania is a high-income country. Trade in goods and services contribute about three quarters of Lithuanian GDP; industry contributes 26 percent; and agriculture three percent. The university sector consists of 14 public and 8 private universities that offer Bachelor’s degrees and higher. There are 13 public and 11 private colleges that award Professional Bachelor’s degrees. There are about 150,000 students enrolled. The University Council is a governance body of a university. The University Council should consist of 9 or 11 members. One member is nominated by students. Three or four members of the Council are nominated by the academic staff. Four or five members who are not affiliated with the university are selected in the procedure laid down by the Senate. The remaining three or four members are selected through an open competition. Keywords: Lithuania, political, economic and higher education context, universtiy autonomy, university governance structures.